Aurelius Finance Company provides debt solution to Grainger Games, the UK’s largest independent computer games retailer
London, 25th January 2018. Aurelius Finance Company (“AFC”), is pleased to announce its inaugural transaction only 2 months after launching, being the refinancing of Grainger Games, the UK’s largest independent computer games retailer with over 65 stores.
Incorporated in 2001, Grainger Games (www.graingergames.co.uk), has grown dramatically from its Newcastle roots to a £50 million revenue business with a footprint across the whole of Northern England. The company provides both new and second hand trading of the latest games, consoles, mobile phones, technology and collectable merchandise.
AFC is pleased to provide the company with increased working capital flexibility, to enhance its stock position as it continues to grow organically and relaunches in its online channel offering.
Karun Dhir, Managing Director of Aurelius Finance Company, commented: “Through the process, we have been impressed by the management team at Grainger Games, and the ambition for the business. We are pleased to be the lender of choice for the company, and provide the flexible and supportive finance that the company has been looking for in a partner to the business.”
Stephan Bowyer, Manging Director of Grainger Games, commented: “We are delighted to work with the team at Aurelius Finance Company as they are different from other lenders we have dealt with in the past and have a real focus on relationships which was important to us. We were impressed how quickly they understood our business and we look forward to working with them.”